UNDERWOOD TODD M 4
4 · INTEL CORP · Filed Feb 27, 2019
Insider Transaction Report
Form 4
INTEL CORPINTC
UNDERWOOD TODD M
Interim CFO
Transactions
- Tax Payment
Common Stock
2019-02-25$53.23/sh−1,093$58,186→ 5,695 total - Exercise/Conversion
Common Stock
2019-02-25+3,265→ 6,788 total - Exercise/Conversion
Performance-Based Stock Units
2019-02-25−3,999→ 0 totalFrom: 2019-02-25→ Common Stock (3,999 underlying)
Holdings
- 54(indirect: By Spouse)
Common Stock
- 2,412(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Each Performance-based Restricted Stock Unit (PSU) represents the right to receive, following vesting, no more than 200% of one share of Intel common stock, together with dividend equivalent shares on the vested number of shares. The resulting number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year period beginning on the grant date and ending on the third anniversary of the grant date, unless that date falls on a date that the NASDAQ Stock Market is closed, in which case the next business date that the NASDAQ Stock Market is open shall apply.
- [F2]Includes 485 shares acquired under the Company's Employee Stock Purchase Plan on February 19, 2019.
- [F3]Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock three years and one month after the grant date (together with the dividend equivalent shares thereon), unless that date falls on a non-business date, in which case the next business date shall apply.
- [F4]Due to a limitation in the filing software, the total number of shares of Common Stock received was 3,265 as reported above in Table I. The conversion rate of the Performance-based Restricted Stock was 75.746%. Upon conversion of the RSUs, the Reporting Person received 3,029 shares of Common Stock. Upon conversion of $11,002.84 in dividend equivalents, the Reporting Person received an additional 236 shares of Common Stock.